Axiom Investors LLC DE Invests $8.92 Million in VSE Corporation $VSEC

Key Points

• Axiom Investors LLC DE has invested approximately $8.92 million in VSE Corporation, acquiring 74,302 shares during the 1st quarter, representing about 0.36% of the company's stock.
• VSE Corporation reported earnings of $0.97 per share, exceeding analysts' expectations and reflecting a 41.1% increase in quarterly revenue year-over-year.
• Multiple analysts have raised their price targets for VSE stock, with Royal Bank of Canada increasing it to $180.00, citing an "outperform" rating for the stock.

Axiom Investors LLC DE bought a new position in shares of VSE Corporation (NASDAQ:VSEC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 74,302 shares of the construction company's stock, valued at approximately $8,915,000. Axiom Investors LLC DE owned approximately 0.36% of VSE as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of VSEC. LPL Financial LLC boosted its stake in shares of VSE by 13.8% during the 4th quarter. LPL Financial LLC now owns 3,223 shares of the construction company's stock worth $307,000 after acquiring an additional 391 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of VSE by 47.4% during the 4th quarter. Wells Fargo & Company MN now owns 12,982 shares of the construction company's stock worth $1,235,000 after purchasing an additional 4,176 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of VSE during the 4th quarter worth about $1,340,000. Legal & General Group Plc raised its position in shares of VSE by 3.2% during the 4th quarter. Legal & General Group Plc now owns 15,955 shares of the construction company's stock worth $1,517,000 after purchasing an additional 490 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of VSE by 390.9% during the 4th quarter. Marshall Wace LLP now owns 13,608 shares of the construction company's stock worth $1,294,000 after purchasing an additional 10,836 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VSEC has been the subject of several research analyst reports. Royal Bank Of Canada upped their price target on shares of VSE from $150.00 to $180.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. B. Riley upped their price target on shares of VSE from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Truist Financial upped their price target on shares of VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $145.00.

VSE Stock Up 2.5%

VSEC stock opened at $167.00 on Friday. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 149.11 and a beta of 1.33. The company has a current ratio of 3.73, a quick ratio of 1.44 and a debt-to-equity ratio of 0.38. VSE Corporation has a 12 month low of $80.60 and a 12 month high of $169.00. The firm has a 50-day moving average of $141.35 and a two-hundred day moving average of $126.00.

VSE (NASDAQ:VSEC - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The construction company reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.28. The company had revenue of $272.14 million during the quarter, compared to the consensus estimate of $267.39 million. VSE had a net margin of 1.94% and a return on equity of 7.25%. VSE's quarterly revenue was up 41.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 EPS. VSE has set its FY 2025 guidance at EPS. As a group, analysts forecast that VSE Corporation will post 2.96 earnings per share for the current fiscal year.

VSE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Wednesday, October 15th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. VSE's dividend payout ratio is presently 35.71%.

About VSE

VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through two segments, Aviation and Fleet. The Aviation segment provides aftermarket parts supply and distribution; maintenance, repair, and overhaul services for components and engine accessories supporting commercial, business, and general aviation operators.

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